Your Stock/Bond Mix Isn't the Only Thing That Should Change as You Age
Tweaking intra-asset-class exposures is also important.
If there's one matter upon which there's universal agreement in the realm of investing, it's that your portfolio's stock/bond mix should get more conservative as you age.
But what about the composition of those asset classes--should they change, too? For example, even though the equity component of a 34-year-old's portfolio will be larger than that of a 70-year-old, should the composition of those equity components look any different?